Family LLC Operating Agreements Line by Line

Family LLC Operating Agreements Line by Line
Author: Brad A. Galbraith
Publisher: Aspatore Books
Total Pages: 213
Release: 2011
Genre: Law
ISBN: 9780314279743

Written by an attorney whose practice focuses on the estate and tax planning needs of high net worth families, Family LLC Operating Agreements Line by Line is a comprehensive examination of the provisions that make family limited liability companies such a powerful tax planning and asset protection tool. Included are in-depth explanations of the reasoning behind the various provisions in the operating agreementthose that are crucial to the manager, as well as those that simply make company operations more predictable and efficient for all members. The book covers such key topics as formation and management of the company, membership interests, capital contributions and accounts, allocations and distributions, dissolution and termination, and dispute resolution. Family LLC Operating Agreements Line by Line is a valuable resource for anyone who works with business owners and high net worth families, as well as those individuals who are interested in capitalizing on family limited liability company planning opportunities.

Saving the Family Cottage

Saving the Family Cottage
Author: Stuart Hollander
Publisher: NOLO
Total Pages: 0
Release: 2017-03-27
Genre: Business & Economics
ISBN: 9781413323498

Estate planning for family cottages and cabins When family members inherit a vacation home together, problems are often unavoidable, given that the new co-owners may have different financial circumstances or emotional attachments to the family cottage or cabin. But you can head off damaging family squabbles by developing a legal structure (typically an LLC) to take care of the business of ownership. Whether you’re planning to pass on a cottage to your children, or you’ve inherited a cabin with your siblings, Saving the Family Cottage provides practical, legal solutions for preserving a beloved family property for generations to come. You’ll learn how to: keep the peace (and avoid fights) among siblings over jointly-owned property prevent a family member from forcing a sale of the cottage or cabin keep your vacation home out of the hands of in-laws and creditors, and make a smooth transition from one generation’s ownership to the next. The fifth edition is updated to reflect current tax laws, including state property tax laws which affect choice of legal entity. It also includes an expanded discussion of legal issues when renting a family cottage or cabin on Airbnb, VRBO, or similar rental services.

An Estate Planner's Guide to Family Business Entities

An Estate Planner's Guide to Family Business Entities
Author: Louis A. Mezzullo
Publisher:
Total Pages:
Release: 2020
Genre: Estate planning
ISBN: 9781641056540

"This fourth edition to An Estate Planner's Guide to Family Business Entities brings the second edition current through December 1, 2019 and is designed for the estate planner who is considering the most appropriate way to achieve his or her client's goal of transferring wealth to younger family members. Although it covers both tax and nontax considerations, its major emphasis is on the tax considerations, covering choosing the business entity and comparing the various entities that are available; highlighting recent developments concerning choice of entity; covering the application of the special valuation rules and other transfer tax issues, as well as the use of a grantor retained annuity trust to reduce the value of the gift when transferring an interest in a family-held entity, are discussed"--

How to Run a Family Business

How to Run a Family Business
Author: Michael Friedman
Publisher: Betterway Publications
Total Pages: 182
Release: 1994
Genre: Business & Economics
ISBN:

Attorneys Michael and Scott Friedman, who have represented hundreds of family businesses, offer practical, easy-to-follow advice on the legal aspects of owning, operating, and ensuring the continuation of a family business. Dozens of "family tips", nuggets of advice and points to consider are included.

Drafting Limited Liability Company Operating Agreements, Fourth Edition

Drafting Limited Liability Company Operating Agreements, Fourth Edition
Author: John M. Cunningham
Publisher: Wolters Kluwer
Total Pages: 3536
Release: 2016-06-15
Genre: Law
ISBN: 145488049X

This essential resource enables you to negotiate, draft, and fine-tune LLC operating agreements for all basic types of LLCsand—in every U.S. jurisdiction! It delivers exclusive guidance on all 10 stages of the LLC formation process, and comes with a CD-ROM packed full of valuable material, including complete agreements, forms, and clauses all ready for immediate use. Newly expanded to two volumes, theand Fourthand Edition of Drafting Limited Liability Company Operating Agreements is the only limited liability company formbook and practice manual that addresses the entire process of planning, negotiating and drafting LLC operating agreements, and handling LLC formations. Providing hands-on guidance directly from John M. Cunningham, one of the acknowledged leaders in the field, Drafting Limited Liability Company Operating Agreements, Fourthand Edition, ensures that youand’re prepared to handle all legal and tax aspects of the LLC formation process for member-managed, manager-managed, single-member, and multi-member LLCs, including: Fiduciary issues and other critical business organization law issues facing the managers of multi-member LLCs Multi-member LLC partnership tax issues The unique legal and tax issues confronting owners of single-member LLCs Hidden issues in drafting articles of organization The complex issues of legal ethics when representing two or more clients in forming multi-member LLCs Only Drafting Limited Liability Company Operating Agreements, Fourthand Edition fully covers: The 10 main stages of the LLC formation process, providing detailed, practice-oriented comments on each and“Red flagsand” spotlighting common pitfalls and risks in LLC formation Key federal tax materials, including the and“Check-the-Box Regulationsand” and the IRSand’s guidelines on the application of the Self-Employment Tax to LLC members The current text of the Delaware Limited Liability Company Act And Drafting Limited Liability Company Operating Agreements, Fourthand Edition includes: All of the general-purpose model operating agreements you are likely to need to form both single-member and multi-member LLCs, designed for use in all 50 states and accompanied by line-by-line instructions Guidance through the entire, complex maze of legal, tax, and drafting issues An all-new section on protecting clientsand’ assets through LLCs Valuable exhibits, including a master table and various subsidiary tables of the Delaware Limited Liability Company Act provisions relevant to LLC formations Plus! Every clause, form, and complete agreement is on CD-ROMand—to speed the formation process and help save you time. To assist in your LLC formation practice, youand’ll also find a comprehensive survey of the rapidly expanding body of federal and state LLC case lawand—complete with clear summaries of the cases and indexes by both state and subject matter. Newly updated and expanded, Drafting Limited Liability Company Operating Agreements, Fourthand Edition, delivers all the forms, agreements and expert guidance every LLC practitioner should have on hand. and

Drafting Limited Liability Company Operating Agreements

Drafting Limited Liability Company Operating Agreements
Author: John M. Cunningham
Publisher: Wolters Kluwer
Total Pages: 2926
Release: 2012-06-21
Genre: Law
ISBN: 1454822341

Aspen Publishers' new Third Edition of Drafting Limited Liability Company Operating Agreements provides crystal-clear analysis and hands-on guidance from John M. Cunningham, one of the acknowledged leaders in the field. You'll find virtually everything you need to negotiate, draft, and fine-tune LLC operating agreements for all basic types of LLCs--member-managed, manager-managed, single-member, and multi-member--in any U.S. jurisdiction! Drafting Limited Liability Company Operating Agreements, Third Edition identifies the 10 main stages of the LLC formation process and gives you detailed, practice-oriented comments on each. In addition, you'll find valuable "red flags" spotlighting common pitfalls and risks; the text of key federal tax materials, including the "Check-the-Box Regulations" and the IRS's guidelines on the application of the Self-Employment Tax to LLC members; and the current text of the Delaware Limited Liability Company Act . Drafting Limited Liability Company Operating Agreements, Third Edition ensures that you're prepared to handle all legal and tax aspects of the LLC formation process including fiduciary issues and other critical business organization law issues facing the managers of multi-member LLCs ; multi-member LLC partnership tax issues; the unique legal and tax issues confronting owners of single-member LLCs; hidden issues in drafting articles of organization; and the complex issues of legal ethics when representing two or more clients in forming multi-member LLCs. To assist in your analysis, you'll find a comprehensive survey of the rapidly expanding body of federal and state LLC case law-- complete with clear summaries of the cases and indexes by both state and subject matter. Newly updated and expanded, Drafting Limited Liability Company Operating Agreements, Third Edition now offers a timely overview of the more than 1,100 significant LLC cases reported to date, and spotlights those specific cases with which every LLC practitioner should have detailed familiarity. Drafting Limited Liability Company Operating Agreements, Third Edition contains comprehensive, authoritative forms for all basic agreements and contract clauses likely to arise in LLC formations. These forms are designed for use in all 50 states and are accompanied by line-by-line instructions telling you exactly how and when to use them.

Buy-Sell Agreements for Closely Held and Family Business Owners

Buy-Sell Agreements for Closely Held and Family Business Owners
Author: Z. Christopher Mercer
Publisher:
Total Pages: 272
Release: 2010-08
Genre: Business & Economics
ISBN: 9780982536438

Buy-sell agreements are among the most common yet least understood business agreements and many are destined to fail to operate like the owners expect. Many, in fact, are ticking time bombs, just waiting for a trigger event to explode. If you are a business owner or are an adviser to business owners, this book is designed for you, providing a road map for business owners to develop or improve their buy-sell agreement.

Autonomous Organizations

Autonomous Organizations
Author: Shawn Bayern
Publisher: Cambridge University Press
Total Pages: 197
Release: 2021-10-14
Genre: Computers
ISBN: 1108839932

Bayern sets out the legal, social, and political implications of software programs gaining legal personhood.

Folk on the Delaware General Corporation Law

Folk on the Delaware General Corporation Law
Author: Edward P. Welch
Publisher: Wolters Kluwer
Total Pages: 4980
Release: 2013-12-23
Genre: Law
ISBN: 145486057X

Because Delaware corporate law has virtually become national corporate law, its statutes and cutting-edge case law regarding corporations and alternative business entities have attracted practitioners nationwide to look to Delaware as the place of formation for corporations and other business entities. The definitive section-by-section guide to the country's most important corporate law, the Sixth Edition of Folk on the Delaware General Corporation Law is the place to turn for accurate, up-to-date, authoritative coverage of the Delaware statute. Its uniquely logical code section organization with penetrating and extensively annotated commentary brings you the best in: Effective strategies and options for specific business decisions and activities under the statute Detailed analysis of each key statutory provision and judicial decision Coverage of all the major cases, many of them unreported and unavailable in any other source Analysis organized by code section, with incisive and extensively annotated commentary Because it is a widely accepted authority in the field, Folk on the Delaware General Corporation Law is regularly cited by courts in states other than Delaware. Its section-by-section coverage makes it easy to quickly find the complete law text and analysis, including astute commentary on recent legislation and the most significant cases (including unreported opinions) with special attention to the more complex areas of practical concern.